1 Assume that you are the controller of Nuclear Company At December 31, 2020, the end of the first year of operations, the following financial data for the company are available: $ 26,700 13,700 91,700 46,700 52,130 Cash Accounts Receivable Inventory Equipment Accounts Payables Salary payable for 2020 (on December 31, 2020, this was owed to an employee, but the amount was not paid until January 10, 2021) Total sales revenue Total Expenses (excluding income taxes) Income taxes expense (at 30% of pretax earnings); all paid during 2020 Common shares, 8,700 shares outstanding 15-13 2,850 157,000 104,400 ? 87,000 No dividends were declared or paid during 2020. Required: 1. Prepare an income statement for the year ended December 31, 2020. NUCLEAR COMPANY Income Statement For the Year Ended December 31, 2020 Total sales revenue Total expenses, excluding income taxes Earnings before income taxes 0 Income tax expense Net earnings $ 0 1 2. Prepare a statement of changes in equity for the year ended December 31, 2020 22 points Common Shares 8 02:54:54 Retained earings 8 casa Assets Total assets 0 Liabilities and Shareholders' Equity Liabilities Total liabilities $ 0 Shareholders' equily 0 Total shareholders' equity Total liabilities and shareholders' equily 0